The Venture Intelligence Blog

An Indian Express article chronicling the growth and evolution of Food tech companies in India quotes Venture Intelligence data on PE-VC investments in restaurants: "..PE-VC funds have pumped in $843 million in the restaurants business - as per data sourced from Chennai-based firm Venture Intelligence - the investment in the two online platforms has been about $700 million." A related article by FactorDaily , on restaurateurs taking on food tech companies also quotes the same data. Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

From an Economic Times article titledd "Do PE firms make bad chefs?" citing the problems at Adiga's, Sagar Ratna and Nirula's. Prudent investment metrics back PE's thinking in grabbing pieces of the Rs 1,00,000 crore Indian restaurant industry. The industry is growing at a brisk 20 per cent a year. But, only about one-seventh of the industry is organised, says Technopak Advisors. And even some of that suffers from a hangover of its unorganised past, where cash deals were the norm, where contracts were a matter of spoken word and where much pivoted around the promoter. It was in this complex concoction that restaurant promoters and PE shook hands. Promoters wanted PE capital to grow. And PE came in with the understanding that the path to that growth flowed through processes, standardisation and corporatisation -- essentially, organising the unorganised. A critical factor in this transition is promoter buying. "The promoters should continue to...